EverQuote, Inc. (NASDAQ:EVER) Shares Acquired by Emerald Advisers LLC

Emerald Advisers LLC grew its stake in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 165.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 640,032 shares of the company's stock after purchasing an additional 399,257 shares during the period. Emerald Advisers LLC owned approximately 1.82% of EverQuote worth $13,498,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. BNP Paribas Financial Markets increased its stake in shares of EverQuote by 127.6% during the first quarter. BNP Paribas Financial Markets now owns 54,755 shares of the company's stock worth $1,016,000 after acquiring an additional 30,699 shares during the period. Russell Investments Group Ltd. raised its stake in shares of EverQuote by 244,503.3% during the 1st quarter. Russell Investments Group Ltd. now owns 293,524 shares of the company's stock worth $5,448,000 after buying an additional 293,404 shares in the last quarter. State Board of Administration of Florida Retirement System acquired a new stake in shares of EverQuote in the 1st quarter valued at approximately $211,000. First Eagle Investment Management LLC boosted its stake in shares of EverQuote by 3.6% in the first quarter. First Eagle Investment Management LLC now owns 532,138 shares of the company's stock valued at $9,876,000 after buying an additional 18,523 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in EverQuote by 2.7% during the first quarter. Vanguard Group Inc. now owns 1,157,714 shares of the company's stock worth $21,487,000 after acquiring an additional 30,577 shares during the period. Hedge funds and other institutional investors own 91.54% of the company's stock.

EverQuote Stock Performance

NASDAQ:EVER traded down $0.76 during mid-day trading on Friday, hitting $17.22. 792,135 shares of the company's stock traded hands, compared to its average volume of 481,360. The firm's 50 day simple moving average is $20.78 and its 200 day simple moving average is $21.80. The company has a market cap of $604.08 million, a PE ratio of -20.50 and a beta of 1.06. EverQuote, Inc. has a 1 year low of $7.11 and a 1 year high of $28.09.

EverQuote (NASDAQ:EVER - Get Free Report) last released its earnings results on Monday, August 5th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.03 by $0.14. EverQuote had a negative net margin of 8.55% and a negative return on equity of 13.24%. The firm had revenue of $117.14 million during the quarter, compared to analysts' expectations of $102.81 million. During the same period in the previous year, the company earned ($0.31) EPS. EverQuote's revenue for the quarter was up 72.3% on a year-over-year basis. On average, research analysts expect that EverQuote, Inc. will post 0.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director George R. Neble sold 2,500 shares of the company's stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $19.42, for a total transaction of $48,550.00. Following the completion of the transaction, the director now owns 54,970 shares of the company's stock, valued at approximately $1,067,517.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director George R. Neble sold 2,500 shares of the business's stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $19.42, for a total transaction of $48,550.00. Following the completion of the sale, the director now directly owns 54,970 shares of the company's stock, valued at $1,067,517.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David B. Blundin sold 65,718 shares of the company's stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $27.08, for a total value of $1,779,643.44. Following the sale, the director now owns 192,305 shares of the company's stock, valued at approximately $5,207,619.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 93,668 shares of company stock valued at $2,418,629. Insiders own 29.79% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Needham & Company LLC boosted their target price on shares of EverQuote from $30.00 to $38.00 and gave the stock a "buy" rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. upped their target price on shares of EverQuote from $29.00 to $34.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 6th. Finally, Craig Hallum increased their target price on shares of EverQuote from $30.00 to $33.00 and gave the company a "buy" rating in a report on Tuesday, August 6th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, EverQuote has an average rating of "Buy" and a consensus price target of $29.58.

EverQuote Company Profile

EverQuote, Inc operates an online marketplace for insurance shopping in the United States. The company offers auto, home and renters, and life insurance. The company serves carriers and agents, as well as indirect distributors. The company was formerly known as AdHarmonics, Inc, and changed its name to EverQuote, Inc in November 2014.